capacity by photovoltaic technology (solar cells). Chart of GLOW’s Organization Structure as at 31 December 2017 (Translation) 8 GLOW’s Investment in Subsidiaries Subsidiaries Direct and indirect

receivable 44,553 32,098 39% Inventories 62,138 46,036 35% Other current assets 9,394 7,803 20% Total current assets 127,413 92,953 37% Investment 8,500 6,247 36% Property, plant and equipment 175,227 151,202

(“Transaction on the Investment in the Ordinary Shares of KPN Academy”). However, the Company would like to inform that apart from the entering into the purchase of shares from the Existing Shareholders, the

460,182,417.60 (“Transaction on the Investment in the Ordinary Shares of KPN Academy”). However, the Company would like to inform that apart from the entering into the purchase of shares from the Existing

8,199 8,811 (7)% Total current assets 86,145 84,495 2% Investment 6,340 5,530 15% Property, plant and equipment 145,109 136,860 6% Intangible assets 27,960 27,257 3% Deferred tax assets 2,658 2,233 19

43,129 37,637 15% Inventories 68,601 70,085 (2)% Other current assets 11,762 10,850 8% Total current assets 130,584 124,284 5% Investment 2,378 5,294 (55)% Property, plant and equipment 214,435 205,182 5

261 250 241 8% 1,010 872 16% Net growth and investment capex2 (363) (793) (119) 206% (2,413) (723) 234% Net working capital on acquired /sold assets (91) (54) - (183) (52) 250% Maintenance capex (60

9% Inventories 67,604 70,085 (4)% Other current assets 13,628 10,850 26% Total current assets 130,836 124,284 5% Investment 2,313 5,294 (56)% Property, plant and equipment 214,739 205,182 5

53,938 18% Other current assets 14,094 13,084 8% Total current assets 140,034 119,835 17% Investment 3,100 2,955 5% Property, plant and equipment 271,027 264,291 3% Right-of-use (ROU) 11,519 11,865 (3

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